Zambia Discards Five-Year Default Tag With Fitch Ratings Upgrade

Zambia has shaken off five years with a debt-default tag, with Fitch Ratings upgrading its assessment of the southern African nation’s credit to B- and a stable outlook. Yields on...

By Matthew Hill · Bloomberg Markets

Zambia has shaken off five years with a debt-default tag, with Fitch Ratings upgrading its assessment of the southern African nation’s credit to B- and a stable outlook. Yields on its dollar bond edged lower.